W/R REPORT: Officials 'take it to the bank' - and raise eyebrows

11:19 AM,
Jun. 15, 2013

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Maybe it can be chalked up to the panic that breaks out when financial problems look insurmountable. How else to explain why Delaware County elected officials separately went to local banks that submitted competing bids to loan county government $3.7 million, revealing the details of those bids and asking for changes - moves that would appear to be legally questionable and prompted complaints from at least one of the banks.

The initial round of bids - opened in the office of County Auditor Judy Rust rather than in a public meeting - was ultimately rejected and new bids are being sought.